Home BIG STORY Naveen hardsells Odisha at Mumbai investors’ meet

Naveen hardsells Odisha at Mumbai investors’ meet

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Odisha Sun Times Bureau
Mumbai/Bhubaneswar, Feb 14:

Domestic and international investors today expressed interest to invest in the state during the Odisha Investors’ meet as part of the ongoing Make in India week held in Mumbai.

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Chief Minister Naveen Patnaik met Ambassadors of various countries and industry captains to showcase the business potential and highlight the conducive industry ecosystem in the state.

Chief Minister met the Ambassadors of South Korea and Japan. Besides, Patnaik met investors from China, Japan, South Korea and Italy.

During the discussion, Japan evinced interest to collaborate in the areas of sanitation, Information Technology and Clean Energy. In addition to this, it expressed willingness to to collaborate in developing Bhubaneswar as a Smart City. Besides, Siemens along with Tata group also proposed to develop the capital city as a Smart City.

Later, a Chinese delegation met Patnaik and appreciated the Industrial Policy 2015. The one of the fastest growing economies in the world committed to set up industrial parks in Odisha. The delegation would visit Bhubaneswar tomorrow to explore potential locations.

The high-level business delegation appreciated the good governance in the state and invited Chief Minister Naveen Patnaik to China.

Delegates of German car manufacturer Volkswagen also expressed interest to invest in Odisha. The Wolfsburg headquartered carmaker to visit Odisha to explore opportunity for investment.

A team led by South Korean Ambassador would visit the state in April to explore investment opportunities. Notably, South Korean steel major Posco’s steel mill in the state is facing a dead end over raw material availability for its proposed unit in Jagatsinghpur district after the amendments in the MMDR Act.

Global electronics manufacturing services provider based in the USA Sanmina Inc. to explore setting up of Rs 1000 crore facility in the state.

Apart from international investors, domestic manufacturers too showed interest to invest in the state. Consumer products manufacturer Ruchi Soya gave its nod to set up two new food processing facilities in Odisha at an investment of Rs 250 crore. India’s most diversified company ITC also announced to set up its food processing business in Odisha.

Similarly, Nestle plans food processing facility and engagement in social development in Odisha.

Top executives of Celanese, a fortune 500 company, met Patnaik and discussed setting up of an ethanol plant at Paradip. Infrastructure major GMR explored opportunities to expand operations across all verticals.

GMR Group Business Chairman GBS Raju said, “Odisha is on its way to emerge as the best investment destination in the country. GMR Group will be investing additional 1,800 cr in Odisha.”

Indonesian major plans to set up a solar panel manufacturing facility at Bhubaneswar with an investment of Rs 5, 000 crore.

Speaking on the occasion, Chairman of Aditya Birla Group, Kumar Mangalam Birla congratulated Chief Minister for providing a highly favourable business ecosystem for investors.

On the other hand Member, NITI Aayog and Padma Shree Bibek Debroy said: “Implementation of eBIZ by Odisha is for other states to emulate. Odisha will lead the development for the country from amongst the eastern states.”

CII President Sumit Mazumder hailed the InvestOdisha– the Mobile App of Odisha for investment facilitation.

During the meet, the Industrial Development Plan: Vision 2025 was unveiled, investment-related integrated services on e-Biz portal and Central Inspection Framework online portal for synchronised risk-based assessment of industries was launched.